HomeTrading NewsVale Unveils ‘Massive’ Buyback Program Amid Iron Windfall

Vale Unveils ‘Massive’ Buyback Program Amid Iron Windfall


Oil falls as China fuel demand concerns linger

(Reuters) -Oil prices dropped on Thursday as investor remained cautious about dwindling fuel demand in China, the world’s biggest oil importer, due to COVID-19 restrictions. Brent crude futures fell $1.48, or 1.41%, to $103.84 a barrel by 0426 GMT. The U.S. Energy Information Administration said crude stocks rose by just 692,000 barrels last week, short of expectations, while distillate inventories, which include diesel and jet fuel, fell to their lowest since May 2008.

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